Abril Paper Tech Ltd IPO

Our Company is yet to place orders for the equipment, plant and machinery for the expansion of the Manufacturing Facility. Any delay in placing orders or procurement of such equipment, plant and machinery may delay the schedule of implementation and possibly increase the cost of commencing operations.

We are dependent on third parties for the supply of utilities, such as water, gas and electricity, at our manufacturing facilities and any disruption in the supply of such utilities could adversely affect our manufacturing operations.

We have experienced negative cash flows in previous years. Any operating losses or negative cash flow in the future could adversely affect our results of operations and financial condition.

There have been instances of delay in filing of ESIC Returns, Professional Tax Returns and return of Tax Deducted at Source (TDS) dues.

There are certain instances of delays in the past with ROC/Statutory Authorities.

We operate out of a single Manufacturing Facility, located at Surat, Gujarat which exposes our operations to potential geographical concentration risks arising from local and regional factors which may adversely affect our operations and in turn our business, results of operations and cash flows.

Our business is concentrated in Gujarat State and any adverse development affecting our operations in this state could have an adverse impact on our business, financial condition and results of operations.

We are dependent on our Promoters for functioning of our business and we believe that our senior management team and other key managerial personnel in our business are critical to our continued success and we may be unable to attract and retain such personnel in the future.

We have not entered into any agreement with any of the transport service providers.

Our revenue from operations is dependent upon a limited number of customers and the loss of any of these customers or loss of revenue from any of these customers could have a material adverse effect on our business, financial condition, results of operations and cash flows.